Cash to monthly cash expenses ratio

In the Cases & Projects section at the back of Chapter 8 in your textbook, find and complete the following problems:

CP 8-6 Internal Controls
CP 8-8 Bank reconciliation and internal control
CP 8-9 Cash to monthly case expenses ratio
Be sure to complete all steps and sections of each problem and show all your work. Clearly label your answers, and make sure your responses to sections with pencil icons are in complete sentences. Submit all your documentation for the problem to the dropbox for grading.

*Cases have been attached.

Print Preview 1 of 5 https://ng.cengage.com/static/nbreader/ui/apps/nbreader/print_preview/pr... Chapter 8: Internal Control and Cash: 8-9h Cases & Projects Book Title: Financial Accounting Printed By: Jaime Cruz (jcruz15@grantham.edu) © 2018 Cengage Learning, Cengage Learning Chapter Review 8-9h Cases & Projects CP 8-1 Ethics in Action Tehra Dactyl is an accountant for Skeds, Inc., a footwear and apparel company. The company's revenue and net income have increased by more than 100% over the past three years. During the same period, Tehra and her colleagues in the Accounting Department have not received a raise or salary increase. Frustrated by not receiving a raise while the company has thrived, Tehra has begun submitting expense reimbursements for personal purchases. Tehra has a good relationship with her supervisor, and he simply “signs off” on Tehra's expense reimbursements. Tehra suspects that he knows she is submitting personal expenses for reimbursement and is “looking the other way” because Tehra has not received a raise in the past three years. Are Tehra and her supervisor acting in an ethical manner? Why or why not? CP 8-2 Ethics in Action During the preparation of the bank reconciliation for Building Concepts Co., Joel Knolls, the assistant controller, discovered that Lone Peak National Bank incorrectly recorded a $3,290 check written by Building Concepts Co. as $329. Joel has decided not to notify the bank but wait for the bank to detect the error. Joel plans to record the $2,961 error as Other Income if the bank fails to detect the error within the next three months. Discuss whether Joel is behaving in a professional manner. CP 8-3 Team Activity In teams, select a public company that interests you and is a business that requires inventory. Obtain the company's most recent annual report on Form 10-K. The Form 10-K is a company's annually required filing with the Securities and Exchange Commission (SEC). It includes the company's financial statements and accompanying notes.